Getech, a world-leading locator of subsurface resources, is
pleased to announce it has won a new contract with East Star
Resources, a London-listed company
focused on copper exploration, to locate porphyry copper deposits
in Kazakhstan.
LONDON, April 24,
2024 /PRNewswire-PRWeb/ -- Getech, a world-leading
locator of subsurface resources, is pleased to announce it has won
a new contract with East Star Resources, a London-listed company focused on copper
exploration, to locate porphyry copper deposits in Kazakhstan. The project is backed by the BHP
Xplor 2024 accelerator programme and is the first time Getech's
Globe geoscience platform will be used to locate porphyry
copper.
The contract win builds on the Company's joint venture agreement
with East Star Resources, announced last month, to explore for
sedimentary copper deposits in Kazakhstan. For this contract aimed at
locating porphyry copper, the Company will receive a fee for
exploration services.
Combining its Globe geoscience platform market-leading potential
fields data with East Star Resource's technical expertise and
access to local data, Getech will conduct a comprehensive
structural interpretation of the area of interest to produce a
series of palaeo-tectonic reconstructions and cross-sections
demonstrating the local geology. Building on this foundation and
integrating Getech's extensive mineral occurrence database and
remote sensing data, the company will employ sophisticated machine
learning techniques to locate prospective areas for commercial
porphyry copper deposits. These insights will help East Star
prioritise exploration targets and identify new areas for
exploration.
East Star is one of the six participants in the BHP Xplor 2024
accelerator programme, designed to support early-stage mineral
exploration companies in finding the critical resources needed to
support the energy transition. Getech is a member of the BHP Xplor
network of external industry experts having supported Asian Battery
Minerals in locating nickel in Mongolia as part of the programme in 2023.
Since joining the BHP Xplor programme, East Star has acquired
two exploration licenses for copper porphyry in Kazakhstan and plans to secure several more
within its areas of interest.
Global demand for copper is rising steadily and is only expected
to accelerate as copper is crucial for green technologies and
electrification. As known copper sources deplete, the discovery of
new deposits is essential to meet growing demand. These porphyry
copper deposits, typically characterised by their relatively large
size and low extraction costs, are pivotal in supporting the energy
transition.
Richard Bennett, CEO at Getech,
commented:
"It is particularly pleasing to be selected for repeat projects
with both the BHP Xplor accelerator programme, and East Star.
Importantly, I believe awareness, of our ability to make mineral
exploration less risky and more cost-effective, is growing amongst
explorers like East Star who are looking for assets to support the
energy transition. This is a key part of our strategy and while
this is our first contract to locate porphyry copper, given its
value as a resource, we are hopefully that it will be the first of
many."
Alex Walker, CEO at East Star,
commented:
"I believe Kazakhstan mirrors
Western Australia in the 1970s in
terms of mineral potential. We're advancing on three fronts: a VMS
deposit, a BHP-backed porphyry exploration programme and a JV
exploring for sedimentary-hosted copper, with Getech involved in
the latter two. Given Getech's unparalleled database and innovative
approach, I'm confident they will enhance our exploration
efficiency."
Media Contact
Giancarlo Villani, Getech, 44
7874950060, giancarlo.villani18@gmail.com, www.getech.com
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SOURCE Getech